The White Law Group is investigating potential securities claims involving Lincoln Financial Advisors.
Lincoln Financial Advisors Corp., (CRD#: 3978/SEC#:801-42530,8-14685) a dual registered broker dealer and investment advisor, is headquartered in Fort Wayne, Indiana. The firm reportedly has 21 disclosure events on its broker record including 14 regulatory events, and 7 arbitrations, according to FINRA, the self-regulator who oversees brokers and brokerage firms.
According to its website, Lincoln Financial Advisors is an independent broker/dealer is the marketing name for Lincoln National Corporation and its affiliates. Lincoln Financial Securities Corporation in Fort Wayne has $4.9 billion under management and employs 427 nationally.
Lincoln Financial Advisors Sanctioned for Regulatory Failures
Lincoln Financial Advisors and their affiliates have a history of regulatory actions throughout the years.
2016 – The Ohio Division of Securities reportedly ordered Lincoln Financial to cease and desist for the allegedly improper sale of non-traded REITs to their clients. Allegations included selling non-traded REITs above the concentration limits, failure to supervise, and suitability failures.
2015 – FINRA censured and fined Lincoln Financial Advisors $90,000 for failure to supervise after one of its representatives allegedly engaged in unsuitable penny-stock trading.
2015 – Later that year, Lincoln Financial Advisors was censured and fined $150,000 after FINRA found that the firm’s representatives allegedly improperly recommended a high-risk hedge fund to 25 customers.
2013 – Lincoln was one of several firms penalized by the Massachusetts Securities Division for the improper sale of non-traded REITs. Massachusetts regulators alleged that Lincoln Financial, through its reps, sold non-traded REITs that exceeded the imposed prospectus. The firm was censured and fined $100,000 and ordered to pay restitution to investors.
Lincoln Financial Advisors – Lawsuits to Recover Investment Losses
The White Law Group has represented numerous investors in claims against their brokerage firms, including the following:
March 2022 – The White Law Group submitted a claim against Lincoln Financial Advisors Corp. to FINRA Dispute Resolution on behalf of three Ohio residents alleging claims for violation of common law fraud, breach of fiduciary duty, negligence, and negligent supervision.
Lincoln Financial Advisors Corp allegedly unsuitably invested its clients in Atlas Growth Partners LP, CNL Healthcare Properties, and KBS Growth & Income REIT.
February 2022 – The White Law Group’s claim was submitted to FINRA Dispute Resolution on behalf of a Kansas resident alleging claims for violation of common law fraud, breach of fiduciary duty, negligence, and negligent supervision. The suit alleged that Lincoln Financial Advisors Corp. unsuitably invested its client in Cole Credit Property Trust IV (now known as CIM Real Estate Finance Trust) and Atlas Resources Series 34-2014 LP. The claim was seeking damages between $100,000 and $500,000.
March 2020 – The White Law Group filed a FINRA Lawsuit against Lincoln Financial Advisors on behalf of two brothers in North Dakota, requesting damages for alleged violation of common law fraud, breach of fiduciary duty, negligence, and negligent supervision.
The lawsuit alleged that the firm unsuitably invested its clients in Atlas Resources Series 34 –2014 LP, a high-risk oil and gas limited partnership. The claim was seeking damages between $100,000.00 and $400,000.00.
September 2020 – The White Law Group filed a FINRA claim against Lincoln Financial Advisors Corp. on behalf of two Virginia residents, requesting damages for alleged violation of common law fraud, breach of fiduciary duty, negligence, and negligent supervision.
The suit alleges that the firm unsuitably invested its clients in numerous high risk alternative investments.
Recovery of Investment Losses through FINRA Arbitration
The White Law Group continues to investigate potential securities claims involving Lincoln Financial Advisors.
All broker-dealers have a responsibility to adequately supervise its employees. They must ensure the necessary procedures and systems to detect misconduct. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.
When brokers violate securities laws, such as making unsuitable investments, the brokerage firm they are working with may be liable for investment losses through FINRA Arbitration.
FINRA Dispute Resolution is an arbitration venue for investors with claims against their brokerage firm or financial professional. It provides investors with an opportunity to attempt to recoup their investment losses and is an alternative to filing such claims in court.
National Securities Attorneys
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm dedicated to helping investors in claims in all 50 states against their financial professional or brokerage firm. Since the firm launched in 2010, it has handled over 700 FINRA arbitration cases.
Our firm represents investors in all types of securities related claims, including claims involving stock fraud, broker misrepresentation, churning, unsuitable investments, selling away, and unauthorized trading, among many others.
With over 40 years of securities law experience, including experience working at FINRA and the SEC, The White Law Group has the expertise to help investors defrauded in securities, investment and financial business transactions attempt to recover their investment losses. For more information, please visit our website, www.whitesecuritieslaw.com.
If you have suffered losses investing with Lincoln Financial Advisors you may be able to recover your losses through FINRA arbitration. For a free consultation with a national securities attorney, please call The White Law Group at 888-637-5510.
Tags: Lincoln Financial Advisors LLC claims, Lincoln Financial Advisors LLC complaints, Lincoln Financial Advisors LLC fined, Lincoln Financial Advisors LLC FINRA, Lincoln Financial Advisors LLC investigation, Lincoln Financial Advisors LLC lawsuits, Lincoln Financial Advisors LLC reviews, Lincoln Financial Advisors LLC sanctions Last modified: March 17, 2023